Selena Gomez's Lawyers Call Wondermind Fraud Lawsuit 'Absurd', Threaten Sanctions

Published Aug 26, 11:55 PM UTC

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Selena Gomez's attorneys have filed a motion to dismiss a securities fraud lawsuit brought by investors in her mental health startup, Wondermind, calling the allegations 'absurd' and threatening court-ordered sanctions against the investors' lawyers. The lawsuit, filed in August 2026 in the U.S. District Court for the District of Delaware, accused Gomez, her mother Mandy Teefey, and co-founder Daniella Pierson of misrepresenting the company's finances, leadership, and Gomez's involvement. Investors claimed they invested $1.2 billion based on false promises. Gomez's legal team argues the allegations are legally deficient, noting Gomez is a minority shareholder and consultant, not a key employee. The startup, launched in 2022, faced financial troubles by 2025, including running out of cash, failing to pay employees, and laying off nearly two-thirds of its workforce.

Source

Forbes - BusinessWestern

Original headline: Selena Gomez’s Lawyers Blast ‘Absurd’ Wondermind Fraud Lawsuit, Threaten Sanctions

Original language: EN-US

Part of this Story

Selena Gomez and Wondermind Co-Founders Sued for Investor Fraud

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